Christie Calls For Guaranteed Tax Cut
By Phil Gregory, WBGO News
Trenton. July 2, 2012
Governor Chris Christie is urging New Jersey lawmakers to act immediately to give residents a tax cut.
The governor conditionally vetoed Democrats’ plans to impose an income tax surcharge on millionaires. He offered an alternative that would expand the earned income tax credit for the working poor if lawmakers agree to guarantee property tax relief without tax hikes.
“Will you act today to guarantee a summer of tax relief, job competitiveness, and increased confidence in state government for our citizens? I am ready. Are you?"
Senate President Steve Sweeney says the special session the governor called was unnecessary because lawmakers have already set aside money in the budget for a tax cut.
“The tax cut won’t take effect until next year. What the Governor is talking about
is more theater for the national stage rather than the reality that we passed a responsible budget.”
Assembly Speaker Sheila Oliver say there’s no rush to approve enabling legislation for a tax cut until they’re sure state revenues can support it.
“April of 2013 is when the residents of this state will file their income taxes, and if legislation is worked through and enacted it will have no effect on not one resident of this state until they file their taxes.”
© 2012 WBGO News
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